275 Shares in BlackRock, Inc. (NYSE:BLK) Acquired by Wayfinding Financial LLC

Wayfinding Financial LLC purchased a new stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 275 shares of the asset manager's stock, valued at approximately $281,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC purchased a new position in BlackRock in the fourth quarter valued at approximately $26,000. FSA Wealth Management LLC acquired a new stake in shares of BlackRock in the third quarter worth $26,000. Collier Financial acquired a new position in shares of BlackRock during the 4th quarter valued at $32,000. Compass Planning Associates Inc purchased a new stake in BlackRock during the 4th quarter worth $33,000. Finally, Atwood & Palmer Inc. acquired a new stake in BlackRock in the 4th quarter valued at $36,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Stock Up 1.2 %

Shares of BLK stock traded up $11.19 on Tuesday, reaching $974.69. 566,671 shares of the company's stock traded hands, compared to its average volume of 629,104. The business's 50 day moving average price is $981.21 and its two-hundred day moving average price is $990.51. The company has a market capitalization of $151.32 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.90 and a beta of 1.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,084.22.

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BlackRock (NYSE:BLK - Get Free Report) last issued its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, beating analysts' consensus estimates of $11.52 by $0.41. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm's quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.66 EPS. On average, equities analysts forecast that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were paid a dividend of $5.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.14%. This is a positive change from BlackRock's previous quarterly dividend of $5.10. BlackRock's dividend payout ratio (DPR) is 49.62%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BLK shares. UBS Group upped their target price on BlackRock from $1,017.00 to $1,045.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. upped their price target on BlackRock from $914.00 to $971.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Barclays dropped their price target on shares of BlackRock from $1,220.00 to $1,160.00 and set an "overweight" rating on the stock in a research note on Monday, January 13th. StockNews.com initiated coverage on BlackRock in a research note on Friday. They set a "hold" rating for the company. Finally, Morgan Stanley increased their price target on shares of BlackRock from $1,261.00 to $1,275.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,120.67.

Insiders Place Their Bets

In related news, Director J. Richard Kushel sold 430 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $949.37, for a total value of $408,229.10. Following the completion of the sale, the director now owns 3,720 shares of the company's stock, valued at approximately $3,531,656.40. The trade was a 10.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 20,430 shares of company stock valued at $21,234,629 in the last three months. Insiders own 0.90% of the company's stock.

BlackRock Company Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.